CFTC Appoints Chairperson Born as Chair of its Financial Products
Advisory Committee and Commissioner Spears as Chair of its
AgriculturalAdvisory Committee

Washington--On January 7, 1998, the Commodity Futures Trading
Commission approved the appointments of Chairperson Brooksley Born as
Chairperson of the Commission's Financial Products Advisory
Committee and Commissioner David D. Spears as Chairman of the
Commission's Agricultural Advisory Committee. These committees
were established by the CFTC for the purpose of receiving advice and
recommendations on issues concerning individuals and business entities
interested in or affected by the financial and agricultural futures
markets regulated by the Commission.

Chairperson Born commented that "these advisory committees are
comprised of highly respected and distinguished industry leaders who,
over the years, have provided invaluable advice to the Commission
regarding issues of particular importance to users of both the
financial and agricultural futures markets. I am confident that they
will continue to play a vital role as the Commission continues to meet
the challenges presented by the rapid development of new instruments
and the continued dramatic increase in the use of derivative
markets."